Nairobi, March 20 -- An employee of Nairobi-based investment bank Genghis Capital has been charged with theft of Sh10.38 million from the company.

Ian Waihenya Ndung'u has been charged alongside his mother, Damaris Wakiuru Ndirangu, on several counts of theft and conspiracy to defraud the market intermediary. The two were arraigned on Monday, having been arrested on March 16.

A charge sheet says the two, whose case is being handled by the Capital Markets Fraud Investigation Unit, together with others not before the court, conspired to defraud Genghis of Sh17.02 million on diverse dates between March and September 2023.

Mr Waihenya is separately charged with theft of Sh10.38 million from the stockbroker between May and June 2023. On her...